7254 E SOUTHERN Avenue, Mesa, AZ 85209

$2,200,000
Property Type: Comm/Industry Sale Square Footage: 15,249 Lot Size (sq. ft.): 67,954 Status: Closed
Current Price: $2,200,000 List Date: 9/04/2019 Last Modified: 2/05/2025

Overview

Description

• 100% Occupied, Multi-Tenant Professional Office Investment Opportunity • Cap Rate: 6.50% • 11 Office Suites • Rents: Modified Gross (Tenants pay Electric & Janitorial) • Well-Maintained Garden Courtyard Building • Common Area Restrooms & Packaged HVAC Units • Monument Signage Available with Frontage on Southern Ave • Near Superstition Springs Center • Convenient Freeway Access - 1 Mile North of the US-60 & Easy Access to Loop 202

Listing Details MLS# 5973770

Location, Tax & Legal

Map Code/Grid
R42
House Number
7254
Compass
E
Street Name
SOUTHERN
St Suffix
Avenue
City/Town Code
Mesa
State/Province
AZ
Zip Code
85209
Zip4
2787
Country
US
County Code
Maricopa
Assessor Number
218-64-642-A
Tax Year
2019
Assessor's Map #
64
Legal Description (Abbrev)
TH POR SEC 30 DAF COM AT S4 COR SD SEC 30 TH E 422.32F TH N 40.12F TO N R/W LN E SOUTHERN AVE & SD S
Assessor's Parcel #
642
Assessor Parcel Ltr
A
Add'l Parcels
No
Tax Municipality
Mesa
Census Tract
422609
Taxes
24833
Legal
TH POR SEC 30 DAF COM AT S4 COR SD SEC 30 TH E 422.32F TH N 40.12F TO N R/W LN E SOUTHERN AVE & SD S

Contract Info

Ownership
Other (See Remarks)

General Property Description

Ttl Apx SqFt Bldg
15249
# of Buildings
Yes
Year Built
2000
Uncvrd Parking Spcs
52
Zoning
LC

Remarks Misc

Cross Street
E Southern Ave & S 72nd St

Status Change Info

Off Market Date
2019-11-19
Under Contract Date
2019-10-10
Close of Escrow Date
2019-12-20

Legal Info

Township
1N
Range
7E
Section
30

More Information

Income Expenses

Net Operating Income
150780

Sold Info

Loan Type
Conventional
Payment Type
Other
Clsing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Construction

Stucco
Yes
Wood Frame
Yes

Roofing

Tile
Yes

Floors

Other
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
0
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
0
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
0
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
68857.27
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
0

Building Type

Office
Yes

Business Type

Professional/Office
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Cap Rate
6.5
Down Payment
0
Equity
2319697
Total Owed
0
Assessment Balance
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

None
Yes

Ceiling Height

8.1 Feet to 10 Feet
Yes

Heating

Other
Yes
See Remarks
Yes

Cooling

Other
Yes
See Remarks
Yes

Interior Features

Other (See Remarks)
Yes

Loading Facilities

Other (See Remarks)
Yes

Source of Fincl Data

Other (See Remarks)
Yes

Fencing

Other
Yes
See Remarks
Yes

Water Source

Other
Yes
See Remarks
Yes

Sewer

Other
Yes

Parking Features

Paved
Yes

Electric

Other (See Remarks)
Yes

Gas

Other (See Remarks)
Yes

New Financing

Other (See Remarks)
Yes

Existing 1st Loan

Other (See Rmks)
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Other (See Remarks)
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Other (See Remarks)
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Other (See Remarks)
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

Other (See Remarks)
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Property Features

Building Type: Office Business Type: Professional/Office Stories: 1 Story Construction: Stucco; Wood Frame Roofing: Tile Floors: Other Ceiling Height: 8.1 Feet to 10 Feet Heating: Other; See Remarks Cooling: Other; See Remarks Loading Facilities: Other (See Remarks) Interior Features: Other (See Remarks) Fencing: Other; See Remarks Parking Features: Paved Electric: Other (See Remarks) Gas: Other (See Remarks) Water Source: Other; See Remarks Sewer: Other New Financing: Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Source of Fincl Data: Other (See Remarks) Existing 1st Loan: Other (See Rmks) Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable Environmental: Other (See Remarks)
IDX
Listing Office: The Menlo Group Commercial Real Estate
Last Updated: February - 05 - 2025
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